Chayet & Danzo, LLC Chayet & Danzo, LLC www.Coloradoelderlaw.com
Law Pay

Call for a Free Initial Consultation

Direct 303-872-5980
Toll-Free 888-472-1088
Email Us

COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday - Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Sterling's mental status may allow family trust to sell Clippers

The recent brouhaha over Donald Sterling, billionaire owner of the Los Angeles Clippers, may be of interest to Denver residents, especially those who follow basketball.

He has been known to walk around the house nude in the presence of others, make racist remarks and spend wildly on an alleged mistress, according to recent court documents. He also has vacillated over whether or not to sell the team and angrily left a physician's office where he was scheduled for a visit to determine his mental competency.

The heart of the matter is whether Sterling is in possession of his faculties and has the mental capacity to retain ownership of the team or whether his formerly estranged wife can be tasked with making the decisions for the family trust that owns the team. A trial begins next month to evaluate Sterling's mental capacity and determine the future of the Clippers. Presently, a former Microsoft executive has offered $2 billion for the team Sterling refuses to sell.

Families have long fought similar battles over estates or questioned their still-living famous relatives' mental states, all when large sums of money are involved. The family members of Amanda Bynes and Britney Spears sought and were given conservatorships over the celebrities after erratic behaviors made headlines, and relatives of Mickey Rooney and Etta James battled tooth and nail over their estates.

One Michigan attorney who wrote a book about famous families' court fights, said, "There are no easy answers. There is no black and white when you are talking about the early or middle stages of dementia."

He stated that he sees some similarities between Donald Sterling's case and the court case of the L'Oreal heiress, who was locked in battle with her daughter over her ability to manage her $20 billion fortune.

Whether it's billions or thousands, relatives will battle over money they perceive a right to or believe is being misspent. One way to prevent this is to see an estate planning attorney while still in full possession of your faculties.

Source: Press-Telegram, "Sterling court battle parallels other famous family feuds" Dakota Smith, Jun. 14, 2014

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Toll Free: 1-888-472-1088
Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
#D-201
Edwards, CO 81632

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Toll Free: 1-888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell